Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 75-0712525

RITA BLANCA ELECTRIC COOPERATIVE INC

Tax-exempt · DALHART, TX 79022

Financials

$79.6M$79.6M2023$64M$64M2024
Revenue Expenses · by fiscal year end
Financials of RITA BLANCA ELECTRIC COOPERATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$63,969,086$63,969,086$0$161,863,768$31,656,316$130,207,452
December 31, 2023990$79,637,851$79,640,420-$2,569$150,809,043$29,651,686$121,157,357
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$62,696,883
Investment income
$1,267,883
Net gain from sales of assets
$207,990
Net income from sales of inventory
$645
Other revenue
$4,320

Expenses

Grants and similar amounts paid
$7,740
Benefits paid to members
$12,700,790
Compensation of officers, directors and key employees
$1,169,699
Other salaries and wages
$1,647,112
Salaries, compensation and benefits (total)
$3,810,729
Professional fundraising fees
$0
Depreciation
$3,501,827

Balance sheet and other

Total assets, start of year
$150,809,043
Total assets, end of year
$161,863,768
Total liabilities, end of year
$31,656,316
Net assets, end of year
$130,207,452
Land, buildings and equipment
$89,239,708
Gross receipts
$64,001,588
Employees
45
Volunteers
0
Year formed
1945
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
GRACE SUBEALDEACEO/GENERAL MANAGER
Officer
50$243,055$92,591
TAMMY RINNEINSIDE OPERATIONS MANAGER
Officer
40$153,041$68,686
SHAUN SCOFIELDLINE SUPERVISOR
Highest-paid employee
40$148,635$64,104
LARRY ARAGONLINEMAN
Highest-paid employee
40$137,739$72,974
DAWN STEPHENSEXECUTIVE ASSISTANT
Highest-paid employee
40$126,934$79,023
JOHN POPESUPERVISOR
Highest-paid employee
40$135,057$51,920
TRENT NEWMANFOREMAN
Highest-paid employee
40$130,286$54,440
ERIK BADILLOIT/OT MANAGER
Officer
50$118,756$60,548
PRESTON MEADOUTSIDE OPERATIONS MANAGER
Officer
40$126,051$50,617
WADE LENZDIRECTOR
Trustee or director
2.5$33,250$0
CARL D FINCHCHAIRMAN
Trustee or director, Officer
5$30,324$0
BRAD GREENDIRECTOR
Trustee or director
1.8$30,324$0
BRENT SPURLOCKSECRETARY/TREASURER
Trustee or director, Officer
3$30,324$0
BRADLEY MCBRYDEVICE CHAIRMAN
Trustee or director, Officer
4$30,249$0
SHAD MCDANIELDIRECTOR
Trustee or director
3.3$27,333$0
3 more people on this return
NameTitleHours / weekCompensation
DAWSON HIGGINSDIRECTOR
Trustee or director
5$24,900
DARREN STALLWITZDIRECTOR
Trustee or director
3$24,825
CHRIS SHELDONDIRECTOR
Trustee or director
2$24,825
990 for the year ended December 31, 2023: 18 people
NameTitleHours / weekCompensationOther / benefits
BRENT WHEELERCEO/GENERAL MANAGER (JAN-DEC)
Officer
45$272,152$103,616
GRACE SUBEALDEACEO/GENERAL MANAGER
Officer
45$192,168$76,551
TRACY HOWELLOUTSIDE OPERATIONS MANAGER
Officer
45$189,645$57,336
LARRY ARAGONLINEMAN
Highest-paid employee
40$142,488$64,407
REYNOLD MARTINEZSUPERVISOR
Highest-paid employee
40$128,327$65,204
SHAUN SCOFIELDLINEMAN
Highest-paid employee
40$126,859$58,579
JOHN POPESUPERVISOR
Highest-paid employee
40$128,150$49,179
TAMMY RINNEINSIDE OPERATIONS MANAGER
Highest-paid employee
40$112,947$61,831
CARL D FINCHCHAIRMAN
Trustee or director, Officer
5$28,615$0
BRENT SPURLOCKSECRETARY/TREASURER
Trustee or director, Officer
3$28,615$0
WADE LENZDIRECTOR
Trustee or director
10$28,615$0
BRADLEY MCBRYDEVICE CHAIRMAN
Trustee or director, Officer
4$28,540$0
BRAD GREENDIRECTOR
Trustee or director
1.8$28,465$0
CHRIS SHELDONDIRECTOR
Trustee or director
2$20,946$0
SHAD MCDANIELDIRECTOR
Trustee or director
3.3$20,507$0
DARREN STALLWITZDIRECTOR
Trustee or director
3$19,250$0
DAWSON HIGGINSDIRECTOR (MARCH-DEC)
Trustee or director
5$16,241$0
DAVID HIGGINSDIRECTOR (JAN-MARCH)
Trustee or director
2.3$7,760$0

Address and contacts

Address (IRS master file)
PO BOX 1947, DALHART, TX 79022-5947
Principal officer (990 for 2024)
GRACE SUBEALDEA, PO BOX 1947, DALHART, TX 790225947
Signed the 990
GRACE SUBEALDEA, CEO/GENERAL MANAGER
Phone
(806) 249-4506
Return prepared by
BOLINGER SEGARS GILBERT AND MOSS LLP

Mission

NONE

990 for the year ended December 31, 2024

Program accomplishments

  • SALE OF ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 9,885 ACTIVE SERVICES AT YEAR END.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
75-0712525
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1950
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$161,863,768
Income (IRS master file)
$64,001,588

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$63,969,086$63,969,086$161,863,768XML
990December 2023$79,637,851$79,640,420$150,809,043XML
990December 2022$90,529,191$90,539,100$130,821,379IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-0712525).

Questions about RITA BLANCA ELECTRIC COOPERATIVE INC

What is the EIN of RITA BLANCA ELECTRIC COOPERATIVE INC?
The employer identification number (EIN) of RITA BLANCA ELECTRIC COOPERATIVE INC is 75-0712525.
Is RITA BLANCA ELECTRIC COOPERATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1950.
Are donations to RITA BLANCA ELECTRIC COOPERATIVE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does RITA BLANCA ELECTRIC COOPERATIVE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of RITA BLANCA ELECTRIC COOPERATIVE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RITA BLANCA ELECTRIC COOPERATIVE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of RITA BLANCA ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 names GRACE SUBEALDEA.
Who are the officers and directors of RITA BLANCA ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 lists 18 people; 18 received compensation from the organization, the highest $243,055 (GRACE SUBEALDEA, CEO/GENERAL MANAGER).
How much revenue does RITA BLANCA ELECTRIC COOPERATIVE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $63,969,086, expenses of $63,969,086 and total assets of $161,863,768 at year end.

Other nonprofits in DALHART

All nonprofits in DALHART · Texas